The chief executive of a rival to Hargreaves Lansdown, the fund supermarket, has claimed some investors in Neil Woodford’s equity income fund are being prevented from switching to other online fund brokers.
In a letter submitted to the UK Parliament’s Treasury Committee, Interactive Investor chief executive Richard Wilson claimed some investors in Woodford’s suspended £3.7bn Equity Income fund were “inexplicably ‘locked in’ to their platform provider”.
